Warren Buffett has said that the best time to sell is never. That doesn’t mean he doesn’t ever sell stocks, but by holding to his motto of “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price,” and thinking long-term, he has compiled a remarkable record of success.
Yet, Buffett just made a move that should give investors pause. He just filed with the Securities & Exchange Commission his fourth quarter 13F-HR form that the wealthiest investors use to declare what stocks they bought and sold over the last three months.
While it doesn’t tell why Buffett was a buyer or seller, it does provide insight into where he thinks the market is heading. And two sales he made in Q4 should have investors wondering if Buffett thinks the stock market is heading for a fall.
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